Eric Abetz (Tasmania, Liberal Party, Minister for Fisheries, Forestry and Conservation) Share this | Hansard source

In relation to the fairness test, those matters are outlined in the legislation in clause 346M under the heading ‘When does an agreement pass the fairness test?’ There are nearly two pages of detail. I will not read out the whole of those two pages or thereabouts, but it is important to put the particular part dealing with non-monetary compensation on the record:

... non-monetary compensation, in relation to an employee, means compensation (other than an entitlement to a payment of money):

(a) for which there is a money value equivalent or to which a money value can reasonably be assigned; and

(b) that confers a benefit or advantage on the employee which is of significant value to the employee.